53 min listen
Approaching Coast FI Case Study | MHFI 186
ratings:
Length:
75 minutes
Released:
Oct 24, 2023
Format:
Podcast episode
Description
Doug and Carl talk to Frances and Peter about their finances. Topics include Coast FI, real estate investing, emergency funds, and civet coffee (google it, we dare you!).
Intro: A crazy purchase. Team Asparagus.
Coast FI
Should they invest in more real estate?
The great “paying off the house” debate rages on
Were they too Frugal?
Challenges
Frances and Peter’s numbers
The Ideal Life
Recommendations:
$125,000 in investments is a great start, but suggest getting that number bigger before coasting.
Since their income is good, consider a solo 410(k) to reduce taxable income.
Settle your house situation to get the money off the sidelines.
$40,000 is a lot to have in cash. Consider deploying some of that into investment accounts.
Don’t sacrifice happiness now. Live life, even if it takes a little longer to retire.
Listener Question: What did Doug and Carl get right? What did they get wrong? What advice would you give Frances and Peter?
Do you love Mile High FI? Sure you do. We all do, except for that one YouTube troll. But who cares about him anyway. Support us over at Buy Me A Coffee.
Links
Frances’ bookkeeping service
Coast FI with the FIoneers
Mile High FI on Youtube
Mile High FI Facebook Group
Support Mile High FI
Get a Mile High FI t-shirt
Doug’s site
Carl’s blog: 1500 Days
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shirts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Introduction
1:27 Coffee & asparagus
7:57 Case study background
18:29 Housing Pt. 1
29:33 Frugal in recovery
35:57 Ideal $10MM life
46:30 The numbers
59:09 Housing Pt. 2
1:04:39 Final advice
1:11:57 Soundcheck - The big event
Intro: A crazy purchase. Team Asparagus.
Coast FI
Should they invest in more real estate?
The great “paying off the house” debate rages on
Were they too Frugal?
Challenges
Frances and Peter’s numbers
The Ideal Life
Recommendations:
$125,000 in investments is a great start, but suggest getting that number bigger before coasting.
Since their income is good, consider a solo 410(k) to reduce taxable income.
Settle your house situation to get the money off the sidelines.
$40,000 is a lot to have in cash. Consider deploying some of that into investment accounts.
Don’t sacrifice happiness now. Live life, even if it takes a little longer to retire.
Listener Question: What did Doug and Carl get right? What did they get wrong? What advice would you give Frances and Peter?
Do you love Mile High FI? Sure you do. We all do, except for that one YouTube troll. But who cares about him anyway. Support us over at Buy Me A Coffee.
Links
Frances’ bookkeeping service
Coast FI with the FIoneers
Mile High FI on Youtube
Mile High FI Facebook Group
Support Mile High FI
Get a Mile High FI t-shirt
Doug’s site
Carl’s blog: 1500 Days
--
Join the Mile High FI Club – It’s our email list!
Get MHFi Merch – It helps support the show. Get t-shirts & more
**Disclaimer: The podcast is for informational purposes. Maybe entertainment but we won't even make such a claim. You shouldn't take the info as financial, legal, or tax advice. We aren't certified financial planners or advisors. We're not qualified for much. So get advice from professionals.**
Brought To You By:
The Doug Show, aka Affiliate Marketing & Side Hustles
1500 Days, Carl's Blog about Early Retirement
Email us here: doug@milehighfi.com or carl@milehighfi.com
0:00 Introduction
1:27 Coffee & asparagus
7:57 Case study background
18:29 Housing Pt. 1
29:33 Frugal in recovery
35:57 Ideal $10MM life
46:30 The numbers
59:09 Housing Pt. 2
1:04:39 Final advice
1:11:57 Soundcheck - The big event
Released:
Oct 24, 2023
Format:
Podcast episode
Titles in the series (100)
FIREy housing, mortgages, and fine basement living! – MHFI 010: Doug and Carl talk about: the state of the housing market their vastly different housing situations whether owning a home is a good idea. Doug and Carl also talk about why living in a van down by the river isnt what it used to be. Finally, by Mile High FI Podcast